Thursday 7 July 2011

Case Study - BENALEC


1. Trend Line: Consolidation - Side Way (Neautral)
2. Breakout from sysmetrical triangle (Bullish)
3. higher high and higher low: (Bullish)
4. Candle Stick: Long whilet body with high vol -- greater than 40d MA(Bullish)
5. ADX: Good momentum (Bullish)
6. MACD: Cross 0 (Bullish)
7. RSI: Break 70% (Bullish)
8. Sto: Break 80% (Bullish)

Conclusion: 7 Bull 1 Bear

Agrresive Trader:
Entry Price: 1.57
Profit Taking: 1.60, 1.64, 1.69
Cut Loss: 1.49

Conservative Trader:
Entry Price: 1.62
Profit Taking: 1.64, 1.69, 1.73

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